Latest news with #InoxIndia
Business Standard
4 days ago
- Business
- Business Standard
Inox India secures approval of Heineken and ABinBev for manufacturing beverage kegs
Inox India announced that it has received approvals from two of the world's largest brewery brands Heineken and ABinBev - for its stainless-steel beverage kegs manufacturing at its Savli Plant in Gujarat. This milestone, coming a few Quarters after the Company's entry into the keg manufacturing space, in September 2023, marks a significant endorsement of INOXCVA's capabilities in quality, scale, and global compliance, as well as its unmatched expertise of more than 3 decades of handling stainless steel and welding know-how. INOXCVA's success in securing these approvals is a testament to a newly established plant with significant built-in capacity, and adherence to globally recognized quality standards, including ISO 9001, ISO 14001 and FSSC 22000. The audit processes were rigorous, requiring several weeks of preparation and entailing detailed on-ground evaluations across manufacturing protocols, cleanliness, staff expertise, traceability, QA systems, and testing infrastructure. The approvals have now paved the way for commercial engagements with these global beverage leaders. Further to these approvals, INOXCVA aims to emerge as a preferred supplier based on its competitive pricing & proximity to key markets, duly complemented by a strong intent towards building long-term relationships. Commenting on the achievement, Deepak Acharya, CEO INOX India Ltd, said, These approvals from two of the world's leading breweries mark a defining moment in our journey into the beverage keg space. It validates our belief in our manufacturing prowess and reinforces our position as a credible, high-quality, and future-ready partner for the global beverage industry. We are confident that this milestone will pave the way for deeper collaborations and wider global market access in the years ahead. Investments have also been made in tooling and customization capabilities such as embossing and engraving to meet the branding requirements of global customers. With such wherewithal, we aim to strengthen our capabilities and take them notches above, while ensuring that specific customer needs across the globe are addressed. We are confident of receiving approvals from more brewing majors in the due course of time INOXCVA offers a wide range of stainless-steel beverage kegs in EURO, DIN, SLIM, and USA standard (BBL) formats, from 10L to 60L, suitable for beer, wine, cider, juice, kombucha, coffee, and more. Options include stackable/non-stackable designs, various spears and necks, enhanced ring thickness, and 100% leak testing. The sustainable PSP Kegs (15L20L), made with recycled stainless steel and polypropylene, are lightweight, stackable, and customizable. Cornelius (Corny) Kegs, ideal for homebrewing, come in 2.55-gallon variants with hygiene certification and design flexibility. Logo embossing, silk-printing, and RFID tagging are also available.
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Business Standard
19-05-2025
- Business
- Business Standard
Inox India stock jumps 2% on strong Q4 performance; check key numbers here
Inox India share price today: Shares of cryogenic equipment maker Inox India rose around 2.5 per cent to hit an intraday high of ₹1,189 on Monday after the company reported strong operating performance in the March 2025 quarter (Q4FY25). However, the stock was trading flat at ₹1,161.35 compared to the previous day's close of ₹1,160.55 on the National Stock Exchange (NSE), as of 2:40 PM. In comparison, the benchmark Nifty50 index was trading at 24,946.40, down 73.40 points or 0.29 per cent. Inox India stock has recovered over 31 per cent from its 52-week low of ₹884.2, touched on January 27, 2025. Inox India Q4 FY results update In Q4FY25, Inox India reported revenue from operations of ₹369.39 crore, up 33 per cent from ₹276.5 crore in the year-ago period. The company's Ebitda (earnings before interest, tax, depreciation and amortisation) came in at ₹95 crore, up 52 per cent from ₹63 crore in the corresponding quarter of the previous fiscal. Profit after tax (PAT) for the reported quarter was at ₹66 crore, up 55.5 per cent from ₹42 crore in the year-ago period. In FY25, the company's revenue from operations increased 16.2 per cent to ₹1,354 crore compared to ₹1,165 crore in FY24. Its PAT grew 15.4 per cent to ₹224 crore as against ₹194 crore in the previous fiscal. Brokerage views on Inox India: JM Financial According to analysts at JM Financial, Inox India has regained momentum in Q4 after a slow first nine months, driven by strong operating performance. The company's order book grew 25 per cent Y-o-Y to around ₹1,360 crore, which includes several large orders. "Further, with the Savli plant now operational for kegs and a cryoshop, Inox should not face any constraints with regard to capacities. It has also received the long-awaited client approvals in its beverage kegs business, which should drive growth in FY26," the brokerage said. JM Financial has maintained a 'Buy' rating on the stock with a target price of ₹1,355. About Inox India Inox India is a leading manufacturer of cryogenic equipment and offers solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. The company manufactures a range of cryogenic equipment utilised in global scientific research projects. Inox India's business is classified into three divisions, including industrial gas, LNG and Cryo Scientific.
